Bullion firm reveals that British holdings increased tenfold in five years Speculators and safe-haven investors have ploughed hundreds of millions of pounds in to gold since the financial crisis began They were tumultuous days: Northern Rock had just been nationalised, the UK was lurching into recession and in the US one of Wall Street's biggest investment banks was on the brink of bankrupt... read more
Info Graphic of Debt in America: Source
Following last month's surprising surge in the Empire Fed from a deep negative number to 10.04, the March print was less exciting, declining modestly to 9.24, on expectations of an unchanged number. The new orders and shipments indexes remained above zero, though both were somewhat lower than last month’s levels, dropping from 13.31 to 8.18 and 13.08 to 7.76, respectively. Price indexes showe... read more
(Reuters) - Consumer prices recorded their largest increase in nearly four years in February as the cost of gasoline surged, but there was little sign of a broad pickup in inflation to trouble the Federal Reserve. Other data on Friday showed factory activity in New York state moderated in March. That suggests overall manufacturing remained on a steady growth path, which should give the centr... read more
Today legendary Jim Sinclair made one of his boldest predictions ever regarding the gold market when he spoke with King World News. Also, Egon von Greyerz, who is founder of Matterhorn Asset Management, told KWN that central banks “... are creating the most ideal conditions for the biggest bull market ever in gold.” We will get to Sinclair’s bold prediction, but first here is what Greye... read more
As reported yesterday by the World Gold Council, central banks have continued to swap U.S. dollars and euros for gold. The council explains that "while the dollar is still the primary global currency, its long-term dominance... read more
First and foremost HYPERINFLATION is a Currency Event. Prices rise because it becomes widely understood that the currency is being intentionally debased and it is no longer a store of value. read more
(via King World News) Today King World News is reporting on incredibly important developments taking place in the gold and silver markets. Acclaimed commodity trader Dan Norcini told KWN that in the metals markets, “I don’t recall seeing anything like this since this bull market began 12 years ago.” Norcini has been stunningly accurate in his predictions of the movement of the gold... read more
The Fed’s let the inflation genie out of the box. It’s not going to show up in the CPI because US Government changes the CPI regularly to underplay the threat of inflation. However, if you look at what’s happening in the real economy with corporations, all of the warning signs area already there. Chipotle Mexican Grill Inc. higher food costs to dampen fourth-quarter earnings, despit... read more
(Washington, D.C. – March 14, 2013) – Industrial demand for silver has increased substantially over the past two decades and is expected to soar to a new record level in the coming year. Speaking last week at the annual Prospectors & Developers Association of Canada convention in Toronto, Michael DiRienzo, Executive Director of the Silver Institute, said that demand for silver is broaden... read more